Beautiful Retail Property for Sale in Lakeland, FL

Retail-Commercial for Sale
Catylist Listing ID: 30634666
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 2,640 SF
Gross Building Area: 2,834 SF
Gross Land Area: 0.31 Acres
Sale Price: $380,000
Unit Price: $143.94 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/4/2020

Overview / Comments

Great opportunity to own commercial property on one of the busiest thoroughfares in Lakeland! The building is currently used as a salon and massage business with the salon being the largest part of the building at around 2000 sq. ft. It has an open concept with a spiral staircase leading up to a nice sized loft that overlooks the 1st floor of the salon. There is 1 full and 1 half bathrooms, a laundry room with washer/dryer, a mop sink and a dishwasher, along with having a few smaller rooms used for tanning/waxing services and storage. The massage business is approx. 550 sq. ft. and completely separate with its own entrance, back door, electric meter, full bathroom and air conditioning with no adjoining doors on the interior. There is also a detached garage for extra storage behind the building. Ample parking and a concrete sign just off the road for increased visibility make this property ideal for the commercial buyer. The seller owns the properties on both sides of the building and is willing to negotiate a package price for all four parcels including the vacant lot next to this building, the restaurant on the opposite side, and the single family home that is on commercial property adjacent to the vacant lot.
Listing agent to be present at all showings.
Property sold "AS IS" with right to inspect. All offers must be submitted with Pre-Approval letter or Verification of funds and buyers should be advised to verify all information. SELLER IS MOTIVATED, PLEASE BRING OFFERS.

Additional Details

Nearest MSA: Lakeland-Winter Haven
County: Polk
Tax ID/APN: 242821239500008100
Zoning: C-3
Retail Clientele: General, Business, Traveler, Tourist
Property Visibility: Excellent
Feet of Frontage: 169
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 1958
Year Renovated: 2006
Total Parking Spaces: 32
Parking Ratio: 10 (per 1000 SF)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,716 55,822 137,848
Median Age: 28.47 37.58 39.32
Households: 3,850 21,988 54,112
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